2015-01-15 16:36 Author: (PAP) (ed. AND) [Photo: World Bank / Flickr (CC BY-NC-ND 2.0)] 
Polish banking sector is stable and resilient to external shocks, including the volatility of the exchange rate – has announced the Polish National Bank. The central bank has ensured that carefully observes and analyzes the situation on the currency market. Fluctuations in the exchange rate of the zloty against the euro do not differ from those observed in recent years – was announced.
The significant strengthening of the Swiss franc against the zloty has no relation to the economic and macroeconomic foundations of Polish. It is caused by the decision of the Swiss National Bank to release the franc against the euro. The Swiss National Bank also decided to cut interest rates – NBP said in a statement.
Strengthening the Swiss franc is observed against all major currencies. Fluctuations in the exchange rate of the zloty against the euro do not differ from those observed in recent times – added.
In the morning the Swiss National Bank (SNB) announced that it ceases to defend its currency and releases its course. SNB maintained so far. pegged, which meant that the euro could cost less than 1.2 franc. This decision caused a panic in the markets and the exchange rate of CHF / PLN climbed during the day, even more than 5 zł, which was a historic level. On Wednesday afternoon, the Swiss franc cost 3,57 zł.
According to analysts, the Swiss central bank’s decision to hit the Polish borrowers indebted in Swiss francs. From their calculations show that the installment of approx. 700 thousand. people will go up sharply. Expert Employers of Poland Lukasz Kozlowski drew attention to the scale of the shock on the foreign exchange market is so vast that it also had a negative impact on the situation on the stock market.
On Thursday, before the hour. 16 WIG 20 index lost nearly 3.1 percent. Pulls down the public in the banking sector. Most banks fell courses that they have in their portfolio loans in Swiss francs for a considerable sum. The course Getin Noble broke down and fell by almost 17 percent. mBank lost more than 6.9 percent, the bank rate Getin Bank fell by 6.7 per cent., BZ WBK lost 8.6 per cent., and PKO BP fell by 7.7 percent.
Polish banking sector stable and resistant to external shocks, including the volatility of the exchange rate.
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